Ciancio Ciancio Brown, P.C.
Book Now

Denver (303) 395-4773 Broomfield (303) 872-8919

Breckenridge (970) 285-3077 Toll-Free (800) 746-3560

Denver (303) 395-4773 Toll-Free (800) 746-3560

Leaders in Litigation

Strategic pursuit of family partnerships may reduce conflict

Business relationships can have a complicated dynamic at times depending on the personalities of the people that own and manage the company, differences in opinion and even differences in religious beliefs or educational backgrounds. For people in Colorado who are in a business endeavor with another family member, that interesting dynamic can be significantly more fragile as the pressure to keep family and business affairs separate becomes crucial. 

Experts suggest many interesting reasons why the dynamic of a family partnership has to be dealt with extra cautiously including when there are stark differences in the manner that each partner believes strategic growth should be handled. In most businesses, there are noticeable differences between risk-takers and the people who would prefer to take the safer route. A partnership where contributing members feel strongly one way or the other in conflict with each other can set the foundation for disagreements to happen. 

Other sources of conflict may include significant family affairs, personal or business-related mistakes by one partner, differing ideas on leadership and succession, fluctuations in commitment levels and disagreements about which opportunities should be taken or handled. A couple of valuable solutions that can be implemented from the beginning to better prevent this type of conflict is for families to establish a board of advisors who will function as an objective third-party in handling decision-making. The other option is for a contract to be written that details how the conflict should be handled and what should happen in the event the partnership is in discord with one another. 

If people are experiencing debilitating conflict within their business partnership, they may wish to contact an attorney. With the advice of a legal professional, people may have the chance to recover their business endeavor without compromising their success altogether. 

Source: Forbes, "Equal Partnerships In A Family Business: A Disaster Waiting To Happen," Dennis Jaffe, Sept. 12, 2019

Email us your case details

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Broomfield Office
390 Interlocken Crescent
Suite 350
Broomfield, CO 80021

Toll Free: 800-746-3560
Phone: 303-872-8919
Fax: 303-464-8000
Broomfield Law Office Map

Denver Office
1660 Lincoln Street
Suite 2000
Denver, CO 80264

Toll Free: 800-746-3560
Phone: 303-395-4773
Denver Law Office Map

Breckenridge Office
106 North French Street
Suite 230
Breckenridge, CO 80424

Toll Free: 800-746-3560
Phone: 970-285-3077
Breckenridge Law Office Map

Privacy Policy | Business Development Solutions by FindLaw, part of Thomson Reuters.